Annonce • Jan 14

Black Cat Syndicate Limited Provides Update on Underground Diamond Drilling Activities Along the Gabbro Veins at the Paulsens Gold Operation

Black Cat Syndicate Limited provided an update on underground diamond drilling activities along the Gabbro Veins at the Paulsens Gold Operation (Paulsens). HIGHLIGHTS During the December 2022 quarter, 19 diamond drill holes were completed into the Gabbro Veins. Assays have been returned for another 10 holes, meaning results have now been received for the first 14 holes. Drilling into the Gabbro Veins continues to be highly encouraging with all holes to date intersecting quartz-sulphide (pyrite+/-chalcopyrite+/-galena) veins within altered gabbro, as predicted by the new geology model. Visible gold has also been intersected in several holes. As initially modelled, multiple vein swarms have been intersected with new significant assays including: 0.92m @ 11.10g/t Au from 10.16m and 1.92m @ 5.19g/t Au from 69.04m (22PGRD006). 0.50m @ 47.20g/t Au from 20.80m and 0.30m @ 20.40g/t Au from 38.90m and 2.50m @ 6.55g/t Au from 65.00m (22PGRD011), 1.03m @ 12.50g/t Au from 39.97m and 1.00m @ 13.60g/t Au from 46.57m (22PGRD012). The footwall Gabbro Veins are unmined and located adjacent to, and up to 200m from, the existing decline which was installed to access the Main Lode. The Gabbro Veins occur in the footwall over a 1km strike length and can form as swarms over areas up to 4m wide. They represent a potential new, high-priority, start-up mining area. The remaining assays for the other 5 holes already completed are expected during January 2023 and similarly contain multiple veins with visible gold logged in 22PGRD001 at approximately 70m depth. Three holes have also been completed on the Paulsens Repeat target with samples in the laboratory and additional drilling planned. Drilling is continuing, targeting extensions to the Gabbro Veins and the Main Lode and will be ongoing throughout January 2023. An upgrade to the high-grade underground Resource is expected in late January/early February 2023. Large Scale Area, 100% Controlled by Black Cat 530km2 of highly prospective ground is 100% owned and controlled by Black Cat. Existing Resource of 217koz @ 4.9g/t Au. Background Underground mining at Paulsens produced 907koz @ 7.3g/t Au at an average of 75koz pa. approximately 1Moz endowment including current Resources: Underground 89koz @ 5.9g/t Au; Mt Clement 66koz @ 1.2g/t Au, Belvedere 30koz @ 3.9g/t Au, Electric Dingo 22koz @ 1.3g/t Au and Northern Anticline 24koz @ 1.4g/t Au. Previous regional exploration largely involved surface activities with numerous gold and base metal anomalies identified but with only limited follow-up. Infrastructure in Place, Ready for a Low-Cost Restart On care and maintenance since 2018. Well maintained, 450ktpa processing facility requiring minimal restart capital. +110-person camp on site. Mine and advanced Resources on Mining Licences, minimal barriers to restart. Underground mine fully dewatered and ventilated with processing water readily available. Excellent access with sealed road and gas pipeline within 7kms of site. Significant Opportunities at All Stages - Multi-metal Potential While traditionally a gold region, Paulsens has multi-metal potential with numerous base-metal (Cu, Pb and Zn) targets, Australia's third largest antimony deposit at Mt Clement (along with Cu, Pb and Ag Resource) and thermal coal at Kazput. Paulsens is located in a prospective regional setting for orogenic gold mineralisation and the multi-metal potential remains under-explored. There are four main prospect areas - the 15km long Paulsens Structural Corridor ("PSC"), the Northern Anticline, Mt Clement and Electric Dingo. The PSC is a complex zone of faults with the main structure through the PSC being the Hardey Fault. All gold mined at the Paulsens underground mine comes from where the Hardey Fault (and related fault splays) cuts through the Paulsens Mine Gabbro. Finding similar faulted-off gabbros is a priority given the obvious grade and scale potential. Underground drilling in 2023 includes: New mining fronts located close to existing infrastructure being the Gabbro Veins and Apollo with potential for readily accessible ounces; and o Paulsens Repeat located 200m from the decline and representing a large-scale, faulted-off gabbro targeting "another Paulsens". Drilling at Paulsens commenced on 2 November 20221 targeting readily accessible, near-mine growth opportunities. The Gabbro Veins, one of several targets, are known to be mineralised over a strike length of +1km, broadly parallel to the existing underground infrastructure. Most historic mining (producing 907koz @ 7.3g/t Au) occurred within the Main Lode and the footwall Gabbro Veins present a significant new mining opportunity at Paulsens. The Gabbro Veins are located adjacent to, and up to 200m from, the existing decline and can form as swarms over areas up to 4m wide over the +1km strike length. Drilling into the Gabbro Veins has been encouraging with 19 holes completed so far, all intersecting quartz-sulphide (pyrite+/-chalcopyrite) veins within altered gabbro as predicted in Black Cat's new geology model. Multiple vein swarms were intersected in each hole and significant results from the latest 10 holes assayed include: 0.92m @ 11.10g/t Au from 10.16m and 0.15m @ 16.90g/t Au from 29.85m and 0.37m @ 8.81g/t Au from 54.82m and 1.92m @ 5.19g/t Au from 69.04m and 0.23m @ 9.83g/t Au from 83.04m and 0.49m @ 5.93g/t Au from 100.12m (22PGRD006) 0.50m @ 47.20g/t Au from 20.80m and 0.30m @ 20.40g/t Au from 38.90m and 2.50m @ 6.55g/t Au from 65.00m (22PGRD011) 1.03m @ 12.50g/t Au from 39.97m and 1.00m @ 13.60g/t Au from 46.57m (22PGRD012) 1.11m @ 8.75g/t Au from 12.06m and 1.94m @ 4.22g/t Au from 35.73m (22PGRD014) These results are consistent with previously reported assays from the first 4 holes, which included 1: 0.93m @ 2.92g/t Au from 19.07m and 1.92m @ 9.30g/t Au from 48.00m (visible gold logged) (22PGRD010) 1.09m @ 3.97g/t Au from 1.06m and 0.67m @ 12.50g/t Au from 29.12m and 0.44m @ 18.10g/t Au from 60.98m (22PGRD016) 0.98m @ 2.85g/t Au from 77.44m and 1.10m @ 4.77g/t Au from 87.95m (22PGRD019) All results are based on fire assays and a photon assay trial is underway. A recent photon re-assay trial at Coyote 2, illustrated that fire assay results may be under-reporting gold grades for coarse-gold, diamond core samples. Results for the remaining 5 holes, already completed, are expected in January 2023. Geology is encouraging with numerous veins logged and visible gold observed in 22PGRD001 at approximately 70m depth. A further program, with at least 17 new holes, testing both Gabbro Vein targets and traditional Main Lode mineralization is already underway. This drilling will be ongoing through January and February 2023. An upgrade to the high-grade underground Resource is expected in late January/early February 2023. This upgrade will include a significant reinterpretation of the current Resource based on the new geology model as well as the first 14 holes drilled and assayed by Black Cat.

Pourcentage du salaire du PDG	n/a
Durée du mandat du directeur général	less than a year
Propriété du PDG	n/a
Durée moyenne d'occupation des postes de direction	5.4yrs
Durée moyenne du mandat des membres du conseil d'administration	1.7yrs

Nom	Position	Titularisation	Compensation	Propriété
Nicholas Dwyer	Chief Financial Officer	2.3yrs	AU$485.78k	0.021% A$ 144.3k
Timothy Mason	Chief Operating Officer	1yr	AU$415.12k	pas de données
James Bruce	MD & Director	no data	pas de données	pas de données
Andrew Lai	Group Manager of Corporate Development	no data	pas de données	pas de données
Mark Pitts	Joint Company Secretary	8.6yrs	pas de données	pas de données
Daniel Travers	Joint Company Secretary	8.6yrs	pas de données	pas de données
Damien Keys	Chief Geological Adviser	no data	pas de données	pas de données

Nom	Position	Titularisation	Compensation	Propriété
James Bruce	MD & Director	less than a year	pas de données	pas de données
Amber Rivamonte	Independent Non-Executive Director	less than a year	pas de données	0.0069% A$ 47.7k
Richard Laufmann	Independent Non-Executive director	1.7yrs	AU$183.83k	0.13% A$ 900.8k
Paul Chapman	Independent Non-Executive Chairman	8.8yrs	AU$255.34k	1.4% A$ 9.8m
Davide Bosio	Independent Non-Executive Director	1.7yrs	AU$166.40k	0.37% A$ 2.6m

Données	Dernière mise à jour (heure UTC)
Analyse de l'entreprise	2026/06/14 15:09
Cours de l'action en fin de journée	2026/06/12 00:00
Les revenus	2025/12/31
Revenus annuels	2025/06/30

Paquet	Données	Cadre temporel	Exemple de source américaine ^*
Finances de l'entreprise	10 ans	Compte de résultat Tableau des flux de trésorerie Bilan	Formulaire 10-K de la SEC Formulaire 10-Q de la SEC
Estimations consensuelles des analystes	+3 ans	Prévisions financières Objectifs de prix des analystes	Rapports de recherche des analystes Blue Matrix
Prix du marché	30 ans	Cours des actions Dividendes, scissions et actions	Données de marché ICE Formulaire S-1 de la SEC
Propriété	10 ans	Actionnaires principaux Délits d'initiés	Formulaire 4 de la SEC Formulaire 13D de la SEC
Gestion	10 ans	L'équipe dirigeante Conseil d'administration	Formulaire 10-K de la SEC Formulaire SEC DEF 14A
Principaux développements	10 ans	Annonces de l'entreprise	Formulaire 8-K de la SEC

Analyste	Institution
Richard Knights	Barrenjoey Markets Pty Limited
Paul Hissey	MA Moelis Australia Securities Pty Ltd

Black Cat Syndicate Gestion

Gestion contrôle des critères 1/4

Informations clés

Mises à jour récentes de la gestion

High number of new and inexperienced directors

High number of new and inexperienced directors

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2025

Black Cat Syndicate Limited Appoints Tim Mason as Chief Operating Officer

Black Cat Syndicate Limited Announces the Appointment of Richard Laufmann as Independent Non-Executive Director

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2024

Recent updates

High number of new and inexperienced directors

High number of new and inexperienced directors

Black Cat Syndicate Limited (ASX:BC8) completed the acquisition of 90km2 of tenements adjacent to Lakewood processing facility from Black Mountain Gold Ltd.

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2025

Black Cat Syndicate Limited Appoints Tim Mason as Chief Operating Officer

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 65 million.

Black Cat Syndicate Limited (ASX:BC8) acquired Karora (Lakewood) Pty Ltd from Karora Resources Inc. for AUD 86.18 million.

Black Cat Syndicate Limited has filed a Follow-on Equity Offering in the amount of AUD 65 million.

Black Cat Syndicate Limited (ASX:BC8) agreed to acquire Karora (Lakewood) Pty Ltd from Karora Resources Inc. for AUD 86.18 million.

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 80.329 million.

New major risk - Shareholder dilution

Black Cat Syndicate Limited has filed a Follow-on Equity Offering in the amount of AUD 80 million.

Black Cat Syndicate Limited Announces the Appointment of Richard Laufmann as Independent Non-Executive Director

New major risk - Revenue and earnings growth

Black Cat Syndicate Limited, Annual General Meeting, Nov 27, 2024

New major risk - Shareholder dilution

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 34.6575 million.

Black Cat Syndicate Limited Announces Resignation of Tony Polglase as Director, Effective 25 July 2024

Black Cat Syndicate Limited announced that it has received AUD 45 million in funding

Insufficient new directors

New minor risk - Share price stability

Black Cat Syndicate Limited has completed a Follow-on Equity Offering in the amount of AUD 8.3 million.

Black Cat Syndicate Limited, Annual General Meeting, Nov 30, 2023

Black Cat Syndicate Limited Announces the Resignation of Philip Crutchfield as Non-Executive Director, Effective 30 November 2023

Forecast breakeven date pushed back to 2025

Black Cat Syndicate Limited Provides Updated JORC 2012 Mineral Resource

Black Cat Syndicate Limited Provides an Update on Underground Diamond Drilling of the Paulsens Repeat Target At the Paulsens Gold Operation

Black Cat Syndicate Limited Provides an Update on Underground Diamond Drilling Along the Gabbro Veins At the Paulsens Gold Operation

Black Cat Syndicate Limited Announces CFO Changes

Black Cat Syndicate Limited Provides Updated JORC 2012 Mineral Resource at Coyote Central, Part of the 100% Owned Coyote Gold Operation in Western Australia

Black Cat Syndicate Limited Provides Update on Underground Diamond Drilling Activities Along the Gabbro Veins at the Paulsens Gold Operation

Forecast to breakeven in 2023

Independent Non-Executive Director recently bought AU$91k worth of stock

Black Cat Syndicate Limited Announces an Update on RC Drilling at Regional Targets Around Fingals Fortune and Jones Find Both Part of the Kal East Gold Project

Black Cat Syndicate Limited Announces an Update to the Fingals Mining Centre Exploration Strategy

Black Cat Syndicate Limited Provides Update on Fingals Mining Centre JORC 2012 Mineral Resource

Black Cat Syndicate Limited Announces Update on RC Drilling at Kal East Gold Project

Non-Executive Chairman recently bought AU$643k worth of stock

Black Cat Syndicate Limited Announces Strong Resource Growth Continues At Fingals

Black Cat Syndicate Limited Announces Strong Results in Discovery Drilling - Kal East Gold Project

Black Cat Syndicate Limited announced that it expects to receive AUD 20.005747 million in funding

Black Cat Syndicate Limited Announces 1 Million Oz in Resource & New Gold Targets

New 90-day low: AU$0.62

PDG

Équipe de direction

Membres du conseil d'administration

Analyse de l'entreprise et données financières

Sources de données

Modèle d'analyse et flocon de neige

Indicateurs de l'industrie et du secteur

Sources des analystes